Today, benefit and service offerings add nearly <u>40%</u> to an organization's payroll costs.
Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.
It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.
Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.
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Answer: substitute
Explanation:
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.
Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits
Answer:
a) Bonds Payable.
Explanation:
Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.
Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.
Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.
a) Bonds Payable.
The answer is Sales receipt
Answer:
Interest earn= $80.14
Explanation:
Giving the following information:
PV= $1,000
i= 7%
n= 3
<u>First, we will calculate the future value at the second year:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.07^2)
FV= 1,144.9
<u>Now, for the third year:</u>
FV= 1,144.9*1.07= 1,225.04
Interest earn= 1,225.04 - 1,144.9= $80.14
